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Ideally neither. No one should be in charge or rewarding one or the other.

Deflation is only bad for debtors if the way in which they used the debt yields less than the rate of deflation.

Not trying to be annoying, but too many people memorize things instead of understanding concepts from first principles.

Savings are naturally, not artificially rewarded, through simple sound money. And you absolutely want that as the normal way of things through natural price deflation or there is no growth. Creation must always have a greater incentive to be life aligned.

It's like asking if thriving or death should be incentivized, and then saying "we shouldn't reward either, we should stay stagnant and simply survive."

The problem is stagnancy is the same as death. Life is a game of compounding growth.

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Discussion

DRE 6mo ago

Not disputing that. If it’s naturally rewarded then it doesn’t need us people to reward it.

Thriving is the reward. We don’t need government or anyone else rewarding positive outcomes. The outcome is the reward.

Guy Swann 6mo ago

I agree, my post wasn't suggesting we should artificially reward savings. It's about the fact that we are artificially rewarding resource destruction, instead of letting sound money naturally reward its creation.